Plastic Film, Sheet & Bag Manufacturing in Canada - Market Research Report (2014-2029)
New York, United States
Last Updated: April 2024
NAICS 32611CARevenue
$6.7bn
Past 5-Year Growth
Profit
$XXX.Xm
Employees
13,845
Businesses
150
Wages
$XXX.Xm
Plastic Film, Sheet & Bag Manufacturing in Canada industry analysis
Plastic film, sheet and bag manufacturing in Canada has experienced uneven results over the five years to 2023 as a result of extreme volatility in commodity prices and the pandemic. Growth has been limited despite strong economic conditions prior to the pandemic, stifled by increasing import competition from US manufacturers that have competitive advantages, like shared borders and economies of scale. As a result, imports have increasingly fulfilled domestic demand, though this has been partially offset by growing export revenue. Revenue is expected to contract an annualized 0.1% to $6.7 billion over the five years to 2023, including an increase of 2.1% in 2023 alone. Profit has remained mostly stable during the period despite year-to-year volatility influenced by the pandemic and commodity price movements.Global commodity prices, like crude oil and natural gas, have grown amid extreme volatility over the five years to 2023. The US continues to supply a high level of Canadian demand for plastic bags sheets and films. Imports from the US have consistently accounted for more than 65.0% of industry imports over the five years to 2023. Imports have increased as a share of domestic demand over the past five years, rising from 59.8% in 2018 to an estimated 62.6% in 2023.Revenue is expected to rebound moving forward, growing an annualized 1.5% to $7.2 billion over the five years to 2028. Potential regulatory changes, including the potential for a nationwide ban on single-use plastics, could reduce this growth. Just as they do in the current period, imports are expected to continue to meet a high level of domestic demand. As a result, domestic manufacturers will likely experience pressure from foreign competition. Imports are anticipated to increase an annualized 1.2% to $4.7 billion over the five years to 2028, while satisfying 62.4% of domestic demand in 2028. The US will continue to supply most imports, which may cause domestic operators to attempt to consolidate to better compete with US counterparts. In addition to foreign competition, environmental concerns are also expected to challenge industry operators.
Trends and Insights
- Plastic film, sheet and bag manufacturing in Canada produces a range of plastic products that aid other industries in packaging and distributing goods. The industry has grown unevenly over the five years to 2023 as a result of the crash in commodity prices and the pandemic.
- Plastic packaging and film sheets are used in the production of food and beverage products. Companies will use plastic packaging to increase the shelf life of goods.
- In the Canadian Plastic Film, Sheet and Bag Manufacturing industry, establishments are concentrated near raw material suppliers and downstream markets. Ontario and Quebec house most industry establishments and most of the population and major domestic buyers of industry products.
- The Plastic Film, Sheet and Bag Manufacturing industry in Canada has a low level of market share concentration. No operator commands more than 5.0% of market share in 2023.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has declined at a CAGR of 0.1 % over the past five years, to reach an estimated $6.7bn in 2024.
Trends and Insights
The economy experienced fluctuations in the last five years
- The industry has grown unevenly over the five years to 2023 as a result of the crash in commodity prices leading into the period, including crude oil and natural gas. The outbreak of COVID-19 slowed the economy greatly in 2020, but as input prices fell this prevent major revenue declines.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Foreign competition persists through the next five years
- Manufacturers will likely endure strong competition from US and Chinese companies over the next five years. Like the last five years, US companies are projected to supply most imported plastic bags, films and sheets moving forward.
Biggest companies in the Plastic Film, Sheet & Bag Manufacturing in Canada
| Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
|---|---|---|---|---|
Berry Global Group Inc. | 115.6 | N/A | N/A | |
Winpak Ltd. | 91.3 | N/A | N/A |
To view the market share and analysis for all 2 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Plastic packaging film and sheets , Plastic bags and pouches and Plastic film and sheets, excluding packaging. Plastic packaging film and sheets is the largest segment of the Plastic Film, Sheet & Bag Manufacturing in Canada.
Trends and Insights
Plastic film and sheets, excluding packaging make up the largest product segment
- End uses of plastic films and sheets include a variety of applications, though they are most used in the construction sector.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Coated & Laminated Paper Manufacturing in Canada
- Plastic Bottle Manufacturing in Canada
Complementors
- Plastic Pipe & Parts Manufacturing in Canada
- Other Plastic Product Manufacturing in Canada
International industries
- Global Plastic Product & Packaging Manufacturing
- Plastic Film, Sheet & Bag Manufacturing in the US
- Laminated Plastics Manufacturing in the US
- Plastic Bag and Film Manufacturing in Australia
- Polymer Film and Sheet Packaging Material Manufacturing in New Zealand
Table of Contents
About this industry
Industry definition
The Plastic Film, Sheet and Bag Manufacturing industry in Canada converts plastic resins into various films, sheets and bags. Industry products are used by manufacturers for packing and storing products, by retailers for transporting merchandise and by consumers for household purposes. Industry operators also form, coat or laminate plastic film and sheets into single-wall or multiwall plastic bags.
What's included in this industry?
Manufacturing plastic film for food storage bagsManufacturing plastic film for grocery bagsManufacturing plastic film for merchandise bagsManufacturing plastic film for trash bagsManufacturing plastic film for packagingManufacturing plastic film, except for packagingPlastic film and unlaminated sheet, except packaging, manufacturingManufacturing unlaminated plastic sheets, except packagingCompanies
Berry Global Group Inc.Winpak Ltd.Purchase this report to view all 2 major companies in this industry.
Related Terms
POLYMERPOLYETHYLENEEXTRUSIONHOPPERIndustry Code
NAICS 32611 - Plastic Film, Sheet & Bag Manufacturing in Canada
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Plastic film, sheet and bag manufacturing in Canada produces a range of plastic products that aid other industries in packaging and distributing goods. The industry has grown...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Plastic packaging and film sheets are used in the production of food and beverage products. Companies will use plastic packaging to increase the shelf life of goods.
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2024
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
In the Canadian Plastic Film, Sheet and Bag Manufacturing industry, establishments are concentrated near raw material suppliers and downstream markets. Ontario and Quebec hou...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each province
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each province in 2024
- Number and share of revenue each province accounts for in 2024
- Number and share of wages each province accounts for in 2024
- Number and share of employees in each province in 2024
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
The Plastic Film, Sheet and Bag Manufacturing industry in Canada has a low level of market share concentration. No operator commands more than 5.0% of market share in 2023.
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
There are no major players in this industry, as it is dominated by small and moderately-scaled manufacturers. A large swath of domestic demand is satisfied by imports adding ...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Berry Global Group Inc.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Winpak Ltd.'s performance by revenue, market share and profit margin from 2018 through 2024
Detailed analysis
- Description and key data for Berry Global Group Inc., and factors influencing its performance in the industry
- Description and key data for Winpak Ltd., and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Manufacturers in the Canadian Plastic Film, Sheet and Bag Manufacturing industry are subject to a wide range of laws and regulations concerning the environment, worker health ...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
The Plastic Film, Sheet and Bag Manufacturing industry in Canada must contend with a variety of costs associated with running a manufacturing business. Volatile input prices ...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- Assets (2017-2022)
- Liabilities (2017-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Canada include:
- Statistics Canada
- Industry Canada
- Canadian Business Patterns
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Plastic Film, Sheet & Bag Manufacturing industry in Canada in 2024?
The market size of the Plastic Film, Sheet & Bag Manufacturing industry in Canada is $6.7bn in 2024.
How many businesses are there in the Plastic Film, Sheet & Bag Manufacturing in Canada industry in 2024?
There are 150 businesses in the Plastic Film, Sheet & Bag Manufacturing industry in Canada, which has declined at a CAGR of 1.2 % between 2019 and 2024.
Has the Plastic Film, Sheet & Bag Manufacturing industry in Canada grown or declined over the past 5 years?
The market size of the Plastic Film, Sheet & Bag Manufacturing industry in Canada has been declining at a CAGR of 0.1 % between 2019 and 2024.
What is the forecast growth of the Plastic Film, Sheet & Bag Manufacturing industry in Canada over the next 5 years?
Over the next five years, the Plastic Film, Sheet & Bag Manufacturing industry in Canada is expected to grow.
What are the biggest companies in the Plastic Film, Sheet & Bag Manufacturing market in Canada?
The biggest companies operating in the Plastic Film, Sheet & Bag Manufacturing market in Canada are Berry Global Group Inc. and Winpak Ltd.
What does the Plastic Film, Sheet & Bag Manufacturing in Canada include?
Manufacturing plastic film for food storage bags and Manufacturing plastic film for grocery bags are part of the Plastic Film, Sheet & Bag Manufacturing industry.
Which companies have the highest market share in the Plastic Film, Sheet & Bag Manufacturing in Canada?
The company holding the most market share in Canada is Berry Global Group Inc..
How competitive is the Plastic Film, Sheet & Bag Manufacturing industry in Canada?
The level of competition is high and steady in the Plastic Film, Sheet & Bag Manufacturing industry in Canada.
